187
187
Dec 19, 2012
12/12
by
CNBC
tv
eye 187
favorite 0
quote 0
especially bank of america, up more than 100% for the year, not shabby. the story of 2013, looming housing shortage. so many home builders disappeared during that last downturn that the remaining ones can't keep up with the demand, prices are going higher everywhere. the best investment may be for me to tell you to go buy a house before the affordability goes away. certainly lock in that low rate. with employment not growing much, the consumer was supposed to be strapped and nervous in 2012. instead, last time we got figures showing that household debt as a percentage of disposable income, 17-year low while spending on people's homes have been the strongest story out there. so they're spending and then they're not borrowing. you see, that's called nirvana, '94, that's what happened in 1994. we came in with gluten in every kind of structure. too many shopping centers, now we've got a shortage. pretty much in every category. as you know from the parade of real estate trust investment executives, i have them on the show because i need to know this stuff. wha
especially bank of america, up more than 100% for the year, not shabby. the story of 2013, looming housing shortage. so many home builders disappeared during that last downturn that the remaining ones can't keep up with the demand, prices are going higher everywhere. the best investment may be for me to tell you to go buy a house before the affordability goes away. certainly lock in that low rate. with employment not growing much, the consumer was supposed to be strapped and nervous in 2012....
322
322
Dec 19, 2012
12/12
by
KPIX
tv
eye 322
favorite 0
quote 0
the number-one jewelry store in america. right. ♪ every kiss begins with kay home of the meaty, melty mcdouble you love. and other amazing tastes for just a dollar each. every day, as always, there's a lot to love for a little on mcdonald's dollar menu. ♪ military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. hackney. final exams are set to resu this morning at san jose ci college... after a lockdownt involved swat yesterday afternoon >>> from the cbs 5 studios in san francisco, i'm brian hackney. classes resume at san jose city college after a lockdown. yesterday afternoon a caller said there was a gun on campus. after a few hours of searching, police found nothing. >>> meanwhile u.s. senator barbara
the number-one jewelry store in america. right. ♪ every kiss begins with kay home of the meaty, melty mcdouble you love. and other amazing tastes for just a dollar each. every day, as always, there's a lot to love for a little on mcdonald's dollar menu. ♪ military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [...
81
81
Dec 19, 2012
12/12
by
CNBC
tv
eye 81
favorite 0
quote 0
that is the case with bank of america. just to get caught up with the rest of the market is a catch up trade. third, i was asked to name the biggest surprise. i know i dazzled people. i think interest rates are going to go up. maybe big. you better lock in a mortgage right now if you can. i know it is counterintuitive given what the fed chief said but i'm thinking that the fed chief may not be able to stop this. it won't please anyone, particularly the ratings agencies, but we have all learned from europe and the debt debacle from last year that the downgrades, let's just say, they aren't that worrisome, now you don't want to be borrowing trillions of dollars, but remember, a deal without severe belt tightening will be good for the economy. that means rates can go higher and when you combine that with the billions that we spent after hurricane sandy you can see why rates are going down. it will produce a ton of jobs as spending has been held back while we waited for washington. certainty beckons and you want to be involved
that is the case with bank of america. just to get caught up with the rest of the market is a catch up trade. third, i was asked to name the biggest surprise. i know i dazzled people. i think interest rates are going to go up. maybe big. you better lock in a mortgage right now if you can. i know it is counterintuitive given what the fed chief said but i'm thinking that the fed chief may not be able to stop this. it won't please anyone, particularly the ratings agencies, but we have all learned...
174
174
Dec 19, 2012
12/12
by
CNBC
tv
eye 174
favorite 0
quote 1
by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming to an end. and the more clarity on regulations. we are exiting this really weird period of uncertainty. rules come into focus. and if these consumer balance sheet numbers are right. next year could look different, jim. >> yes. there are a lot of assets -- look, a lot of bad loans that are becoming good loans. citi was always relatively opaque. i tried many, many times to penetrate citi holdings, which is the legacy of the core running it now. it may be good. i mean, pandit always promised me the money in holdings was money good. if you go to
by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming...